Mr. Andrew Bowering reports

APOLLO SILVER GRANTS STOCK OPTIONS

Apollo Silver Corp. has granted 8.2 million incentive stock options to directors, officers, employees and eligible consultants of the company, pursuant to the company's stock option plan.

The options have a term of five years, are exercisable at a price of 20.5 cents per common share, and will vest over a 24-month period, with one-third of the options becoming vested on the grant date, a further one-third becoming vested after 12 months and the balance after 24 months.

About Apollo Silver Corp.

Apollo Silver has assembled an experienced and technically strong leadership team which has joined to advance world-class precious metal projects in Tier 1 jurisdictions. The company is focused on advancing its portfolio of two significant silver exploration and resource development projects, the Calico project, in San Bernardino county, California, and the Cinco de Mayo project, in Chihuahua, Mexico.

We seek Safe Harbor.